Ameriprise Financial Inc (AMP): Today's Featured Financial Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Ameriprise Financial ( AMP) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, Ameriprise Financial fell $1.27 (-1.9%) to $63.98 on average volume. Throughout the day, 1.4 million shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $63.59-$64.68 after having opened the day at $63.90 as compared to the previous trading day's close of $65.25. Other companies within the Financial Services industry that declined today were: Millennium India Acquisition Corporation ( SMCG), down 6%, Palmetto ( PLMT), down 5.7%, Orix Corporation ( IX), down 4.6%, and Marine Petroleum ( MARPS), down 4.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $13.57 billion and is part of the financial sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Monday. Currently there are six analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Consumer Portfolio Services ( CPSS), up 11.4%, SP Bancorp ( SPBC), up 6%, First Marblehead Corporation ( FMD), up 5.2%, and Value Line ( VALU), up 5.1%, were all gainers within the financial services industry with Franklin Resources ( BEN) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

5 Things You Must Know Before the Market Opens Monday

Market Recon: The World Is Agog With 'Risk-on' Behavior

Week Ahead: Earnings Come in Thick and Fast in a Middling First-Quarter Reporting Season